Fed’s Barr Says Stablecoins Need Tighter Controls to Fight Money Laundering – Decrypt
In brief Fed Governor Michael Barr called on regulators to implement anti-money-laundering controls for stablecoins following last year’s passage of the GENIUS Act. He identified stablecoins’ accessibility on “secondary markets” as a key area of concern, while global watchdogs have recently focussed on peer-to-peer transfers. A U.S. Treasury report urged Congress this month to consider…